ONE Gas, Inc. (NYSE:OGS) Receives $86.88 Consensus PT from Brokerages

ONE Gas, Inc. (NYSE:OGS) has been given an average recommendation of “Hold” by the ten ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $86.8750.

A number of research firms have recently weighed in on OGS. Bank of America boosted their target price on ONE Gas from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Mizuho lifted their price target on ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. UBS Group lowered their price objective on ONE Gas from $86.00 to $83.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Weiss Ratings lowered ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 5th. Finally, Morgan Stanley set a $79.00 target price on shares of ONE Gas in a report on Friday, February 20th.

Insider Transactions at ONE Gas

In other ONE Gas news, insider Brian F. Brumfield sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $86.44, for a total value of $86,440.00. Following the sale, the insider owned 2,246 shares of the company’s stock, valued at $194,144.24. This trade represents a 30.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.38% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ONE Gas

Several hedge funds and other institutional investors have recently modified their holdings of OGS. Tulsa Wealth Advisors INC purchased a new stake in shares of ONE Gas during the fourth quarter worth about $1,041,000. Caitong International Asset Management Co. Ltd grew its stake in shares of ONE Gas by 495.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 560 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 466 shares during the last quarter. MidFirst Bank purchased a new position in ONE Gas during the 4th quarter valued at about $1,430,000. Mercer Global Advisors Inc. ADV raised its position in ONE Gas by 7.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,473 shares of the utilities provider’s stock valued at $809,000 after purchasing an additional 712 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in ONE Gas by 16.5% during the 4th quarter. NewEdge Advisors LLC now owns 3,533 shares of the utilities provider’s stock valued at $273,000 after purchasing an additional 500 shares during the last quarter. 88.71% of the stock is owned by institutional investors.

ONE Gas Price Performance

Shares of NYSE:OGS opened at $87.02 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.60 and a debt-to-equity ratio of 0.68. The stock has a market cap of $5.46 billion, a PE ratio of 19.91, a PEG ratio of 2.27 and a beta of 0.80. The company’s fifty day moving average is $81.34 and its 200 day moving average is $79.97. ONE Gas has a 52 week low of $69.75 and a 52 week high of $87.88.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. ONE Gas had a net margin of 10.89% and a return on equity of 8.24%. The business had revenue of $689.37 million during the quarter, compared to analyst estimates of $990.44 million. During the same period in the prior year, the business posted $1.34 earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Research analysts anticipate that ONE Gas will post 4.26 earnings per share for the current year.

ONE Gas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 20th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, February 20th. This is an increase from ONE Gas’s previous quarterly dividend of $0.67. ONE Gas’s dividend payout ratio is currently 62.24%.

About ONE Gas

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.